REGISTERED NUMBER: 13584809 (England and Wales)

LESTER & NIX LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTOR:

Mr G Lucas

REGISTERED OFFICE:

11-13 King Street

BELPER

Derbyshire

DE56 1PW

REGISTERED NUMBER:

13584809 (England and Wales)

ACCOUNTANTS:

Johnson Tidsall Limited

Chartered Accountants

81 Burton Road

Derby

Derbyshire

DE1 1TJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

24,971

31,466

Investments

6

31,920

30,663

56,891

62,129

CURRENT ASSETS

Stocks

77,331

77,806

Debtors

7

7,931

10,082

Cash at bank and in hand

65,897

49,692

151,159

137,580

CREDITORS

Amounts falling due within one year

8

106,192

80,811

NET CURRENT ASSETS

44,967

56,769

TOTAL ASSETS LESS CURRENT LIABILITIES

101,858

118,898

CREDITORS

Amounts falling due after more than one year

9

(32,205

)

(54,240

)

PROVISIONS FOR LIABILITIES

(4,567

)

(5,762

)

NET ASSETS

65,086

58,896

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

64,986

58,796

SHAREHOLDERS' FUNDS

65,086

58,896

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 September 2025 and were signed by:

Mr G Lucas - Director

1.	STATUTORY INFORMATION

Lester & Nix Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

1

AMORTISATION

At 1 April 2024

and 31 March 2025

1

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

530

31,050

996

32,576

DEPRECIATION

At 1 April 2024

147

518

445

1,110

Charge for year

57

6,106

332

6,495

At 31 March 2025

204

6,624

777

7,605

NET BOOK VALUE

At 31 March 2025

326

24,426

219

24,971

At 31 March 2024

383

30,532

551

31,466

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

30,663

Additions

1,257

At 31 March 2025

31,920

NET BOOK VALUE

At 31 March 2025

31,920

At 31 March 2024

30,663

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,741

5,356

Other debtors

-

270

Prepayments and accrued income

6,190

4,456

7,931

10,082

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other loans

20,340

20,340

Trade creditors

35,716

22,481

Corporation tax

8,656

1,827

Social security and other taxes

2,646

2,683

VAT

12,014

7,490

Other creditors

477

573

Directors' current accounts

23,258

22,779

Accruals and deferred income

3,085

2,638

106,192

80,811

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other loans - 1-2 years

20,340

20,340

Other loans - 2-5 years

11,865

33,900

32,205

54,240

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

24,000

24,000

Between one and five years

96,000

96,000

120,000

120,000

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100